Discontinued Operations (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2017

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Discontinued Operations

The key components of income from discontinued operations for the three-month periods ended March 31, 2017 and April 1, 2016 were as follows ($ in millions):

	March 31, 2017		April 1, 2016
Sales	$	—	$	1,474.7
Cost of sales	—		(779.4		)
Selling, general, and administrative expenses	—		(332.6		)
Research and development expenses	—		(93.7		)
Interest expense	—		(8.8		)
Earnings from discontinued operations before income taxes	—		260.2
Income taxes	22.3		(87.6		)
Earnings from discontinued operations, net of income taxes	$	22.3	$	172.6

The key components of income from both the Fortive and communications businesses from discontinued operations for the years ended December 31 were as follows ($ in millions):

	2016			2015			2014
Sales	$	3,029.8		$	6,524.5		$	7,097.0
Cost of sales	(1,566.4		)	(3,285.1		)	(3,504.0		)
Selling, general and administrative expenses	(696.0		)	(1,458.9		)	(1,661.9		)
Research and development expenses	(190.4		)	(457.6		)	(544.8		)
Other income	—			—			33.9
Interest expense	(19.7		)	(24.8		)	(28.0		)
Interest income	—			0.7			3.4
Income from discontinued operations before income taxes	557.3			1,298.8			1,395.6
Gain on disposition of discontinued operations before income taxes	—			760.5			—
Earnings from discontinued operations before income taxes	557.3			2,059.3			1,395.6
Income taxes	(157.0		)	(448.6		)	(435.9		)
Earnings from discontinued operations, net of income taxes	$	400.3		$	1,610.7		$	959.7

The following table summarizes the major classes of assets and liabilities of the Fortive-related discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheets as of December 31, 2015 ($ in millions):

Assets:
Trade accounts receivable, net	$	979.0
Inventories	522.3
Property, plant and equipment, net	522.9
Goodwill	4,055.4
Other intangible assets, net	725.0
Other assets	470.9
Total assets, discontinued operations	$	7,275.5
Liabilities:
Trade accounts payable	$	657.1
Accrued expenses and other liabilities	666.8
Other long-term liabilities	512.6
Total liabilities, discontinued operations	$	1,836.5